Palantir Technologies Thesis

Palantir provides data analytics software for large government and commercial organizations. Its moat is its two main platforms, Gotham and Foundry, which are deeply embedded in the mission-critical operations of its clients, creating very high switching costs. The growth driver is the expansion of its commercial business, particularly with its new Artificial Intelligence Platform (AIP). The investment thesis is that Palantir's sophisticated software can become the default operating system for data-driven decision-making in complex organizations.